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Charitable Gift Annuity
A charitable gift annuity is a simple agreement between you and Africa University. In exchange for a gift of cash or appreciated assets, you receive fixed payments for life.
How It Works
- You transfer cash or securities to Africa University. Our minimum gift requirement is $5,000.
- Africa University pays you, yourself and a spouse, or any two beneficiaries you name, fixed payments for life.
- Beneficiaries are recommended to be at least 60 years of age at the time of the gift.
- The remaining balance passes to AU when the contract ends.
- You can also create a life income gift through your IRA. Discover more here.
Benefits
- Receive more income for your money because of higher rates.
- Receive dependable cash-flow for life, regardless of fluctuations in the market.
- In many cases, receive payments at a rate higher than the interest you are currently receiving on investments.
- Receive an immediate income tax deduction for a portion of your gift.
- A portion of your annuity payment will be tax-free for a number of years.
- Are you a younger donor? Consider a deferred gift annuity.
Download a brochure on this topic:
Next
- More detail on Gift Annuities.
- Frequently asked questions on Gift Annuities.
- Contact us so we can assist you through every step.
The gift planning information presented on this site is intended as general. It is not to be considered tax, legal, or financial advice. Please consult your own personal advisors prior to any decision.
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